|
Search the Community
Showing results for tags 'hyperinflation.'.
Found 2 results
-
Here's an article of Dinarian interests... OBiden's reckless, destructive policies are affecting the global economies. US is exporting hyperinflation around the world. Treat as a rumor. Not verified. Your opine. From Other Sources: Citibank Already Starting To Ditch The Dollar, Markets Are Now Freaking Out. ARTICLE: What happens when 90% of the American population finds out that years of savings & investment into 401K retirement has disappeared? Calls to move away from relying on the Dollar for trade are already growing. More & more countries; from Brazil to Southeast Asian nations; are calling for trade to be carried out in other currencies. The USD has been king in global trade for decades; not just because America is the world’s largest economy, but also because oil is priced in the greenback. Most commodities are also priced & traded in Dollars. But since the Federal Reserve embarked on a journey of aggressive rate hikes to fight domestic inflation, many central banks around the world have raised interest rates to stem capital outflows & a sharp depreciation of their own currencies.
-
Luigi found these articles of Dinarian interests... Iraqi citizens are restless as the corrupt & rich get richer & the poor get poorer. The pressure is on GOI to do something for the Iraqi citizens as oil revenues rake in $Billions. The citizenry suffer & have not benefited from the new found wealth. Treat as rumors. Not verified. Your opine. BondLady’s Corner: The devaluation of the dinar inflames the markets & popular congestion ahead of Ramadan. By SOTALIRAQ: A WOMAN IN A VEGETABLE MARKET IN BAGHDAD. The Iraqi street is witnessing widespread congestion due to the rise in food prices, especially flour & oil, & a number of other consumer items, with the continuation of the political crisis & the persistent disagreement over the formation of the government, three weeks before the beginning of the month of Ramadan. On a tour by “Al-Nahar Al-Arabi” to a number of shops in Baghdad, to find out the prices inside the market & the percentage of purchase, it was found that the price of a bottle of cooking oil reached 5,000 Iraqi dinars (about $3) after it was about 2,000 dinars, while it reached The price of a bag of flour is 50,000 dinars (about $32) after its price was 15,000 dinars, while the price of a layer of table eggs has reached 6000 dinars (about $4). This increase included vegetables, fuel, household items, & others. As a result, the purchasing power of families declined & the demand for basic items decreased significantly, according to what a shop owner assured us. There is anticipation of what the prices will be as the month of Ramadan approaches, which begins on the second of next April. Pimpy: You know the restrictions are removed [off the Iraq, the CBI & the dinar] when you can go into your favorite bank that sells & buys currencies & you could walk in and buy the Iraqi dinars or sell your dinars.
